Greetings fellow Canadian investors and traders. I have a pretty cool promotion passed on to me by Questrade – my current stock broker. They’re having a special promotion where you can get free unlimited trades for a period of 3 months. Use offer code RSP2013 before March 1, 2013 to get unlimited free trades. It’s really all that simple. Is there a catch? Nope, but there is fine print that you should read, and speaking of which here it is:
Terms and conditions
How to qualify
Open a new registered, margin or TFSA* account by 11:59 p.m. ET, March 1st, 2013 and, depending on your funding level, get up to 3 months of unlimited free stock trades. The free trades are in the form of commission rebates.
Get started here
- Enter the promotional code RSP2013 online when completing the application for a new account.
- The offer is open to new and existing equity clients.
- The free trades apply to equity trades only (sorry, no option orders, gold trading, mutual fund trading, or foreign currency trading).
- Foreign exchange (forex) accounts are not eligible.
- If you are funding your account by transferring from another broker, the transfer must be initiated by 11:59 p.m. ET, March 1st, 2013 and must be completed within 60 days of initiation to qualify for the offer.
- New accounts by existing Questrade clients cannot be funded by transferring funds from another Questrade account.
Depending on your funding levels, get 1, 2, or 3 months of free trades: details
- The minimum required funding to get 3 months of unlimited free stock trades is CAD $50,000. All equity trades completed within 90 days of account activation are free.
- The minimum required funding to get 2 months of unlimited free stock trades is CAD $25,000. All equity trades completed within 62 days of account activation are free.
- The minimum required funding to get 1 month of unlimited free stock trades is CAD $1,000. All equity trades completed within 31 days of account activation are free.
And to make it easier to get started…
- You have an additional 30 days from the date the account is activated to reach the minimum funding requirement for additional month(s) of unlimited free stock trades. That sounds complicated, but really it’s quite simple. Here’s an example: fund it with $1,000 immediately so you get started trading. Then before the month is up, add another $49,000, and your free trades continue for the full three months. Nice, huh?
Some terms and conditions
- Your account will be charged for the trading commission during the qualifying period and the commission will then be rebated to your account within three business days of the trade execution up to a maximum of $9.95 per trade.
- Account holders must maintain the following minimum account balance for at least 6 months of account funding in order to be eligible for the corresponding offer:
- $50,000 for 3 months of unlimited free stock trades
- $25,000 for 2 months of unlimited free stock trades
- If the account balance falls below the minimum required amount before the end of the 6 month period due to withdrawals on your account, you will no longer qualify for the offer and Questrade will apply a charge to your account based on the credited amount. If the account balance falls below the minimum required asset amount due to market fluctuations, you are still eligible for the offer and no charges will be applied.
A few more terms and conditions
- Other trade fees including exchange and ECN fees may apply.
- This is free trades only. You will not receive cash compensation for any unused free trade commissions.
- Amounts quoted are in CAD.
- You are solely responsible for any tax consequences or other amounts which may be associated with the Offer.
- This offer is not available to Questrade employees or members of their household.
- This offer is subject to change without notice.
- This is a one-time offer per client. This means pick your account wisely: put the free trades in the account you want to trade in!
- This offer cannot be combined with any other Questrade offer except free to transfer (see below).
FREE TO TRANSFER
Questrade will pay your transfer-out fees up to CAD $150 when you move a minimum of CAD $25,000 to Questrade from another brokerage. Payment of the transfer-out fee is capped at CAD $150 and is limited to one account per client.
To take advantage of this limited time promo simply open an account by visiting the Questrade homepage.
Enjoy your free trades!